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Showing 1271 - 1280 of 1758 results for "Covid"

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... still around in 10 years' time, KPMG wrote. KPMG head of wealth and asset management Linda Elkins said the pressures of COVID-19 would only serve to intensify the increased merger activity of the past year. Elkins pointed out more funds are announcing ...

Hundreds of billions ripped from super

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
For a moment, Australia's superannuation system was beyond the magic $3 trillion mark. But, COVID-19 momentarily set the sector back, according to new data. Latest Australian Bureau of Statistics data shows the super sector was smashed to the tune of ...

Sustainable dividend stocks offer yield opportunities: Report

ELIZA BAVIN  |  FRIDAY, 5 JUN 2020
... said. "In the recent rally, market leaders have been the large cap stocks that were significantly outperforming before the COVID-19 outbreak, resulting in a surge in already elevated market concentration. QS Investors said history has shown sharp declines ...

MySuper goes back-to-back in the black

HARRISON WORLEY  |  THURSDAY, 4 JUN 2020
... consecutive month, Australia's MySuper options have generated positive returns, after a couple of negative months due to the COVID-19 pandemic. Latest Rainmaker research shows the average return for MySuper products in May was 2.1%, which followed the ...

What advisers need to know: BT

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... advocacy Bryan Ashenden has observed a significant increase in calls for technical support from financial advisers during the COVID-19 pandemic. "The level of queries and questions we were getting through from advisers was almost at the level we expect ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... spokesperson for State Super (SAS Trustee Corporation) said that as a defined benefit fund it didn't have to participate in the COVID-19 early release payments. "Nevertheless, State Super voluntarily decided to support their members, even though ...

Charities call for further stimulus

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
... high risk of becoming unviable - needing to close their doors within six months. Already facing funding issues prior to the COVID-19 crisis, SVA chief executive Suzie Riddell warned charities would suffer disproportionately as they adapt to the new environment. ...

Raiz Super bleeds red

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
... consolidation tool SuperMatch is suspended by the ATO and APRA over fresh fraud fears. In a Senate hearing last week on COVID-19, APRA deputy chair Helen Rowell confirmed that the regulator had identified scammers trying to use the tool to steal from ...

GDP figures reveal start of COVID-19 impact

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... in the midst of the Global Financial Crisis. "[The data] captures just the beginning of the expected economic effects of COVID-19," Hockman said. The ABS said the economy was impacted by a number of significant events this quarter, starting with bushfires ...

Stop guessing games: AMP Capital

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUN 2020
... 24.2% per annum net of fees, versus the market's 9.2% AMP Capital head of global equities Simon Steele said in light of COVID-19's impact on markets, he is certain it is more important than ever to think long term. "Trying to second guess the short term ...